ZECUSDT - Poloniex - Wyckoff Distribution Schematic - Pasted...

again in this comments section for the chart to be seen as originally intended. Trading View's platform normally scrunches up the cover chart. Hence, the reason for pasting it again in comments section.

Large FIB coordinates are: 0 = $26.32 and 100 = $795.00

Here's an image of Wyckoff Distribution Schematic #1: i.imgur.com/nOJl0Dd.png

Do NOT assume we will fall into months of bear trend in Phase E as depicted on the image of Wyckoff Distribution Schematic #1 above. Even Wyckoff himself said we do not have to fall into Phase E if the laws of Supply and Demand determine we should skip it and fall into another Phase A of a new schematic.

You're welcome to scroll down in this link to find "Wyckoff Distribution Schematic #1" to find additional notes about phases and events: stockcharts.com...school/doku.php?id=chart_s...

Books by Wyckoff can be found here. However, make sure to scroll down till you see the name, Richard Wyckoff. MANY other books on trading can be found here as well. Excellent source of trading material FREE online: www.traders-software.com/Trading Books/

An excellent video to start with on teachings for Wyckoff by David H. Weis can be found here: "David Weis on Wyckoff, Support/Resistance , and Waves" - www.youtube.com/watch?v=uzISUr1i...

Following up later with more charts including indicators.

Comment:

4-Day TF with indicators: For those new to trading; that means each candle is a period of 4-Days.

I could not use my "Loaded Guns Theory" rules to determine possible price point projections the way I would normally because there is not enough history to use those rules. So, I simply used the overall FIB that I gave the coordinates to above in the previous post.

Here's a chart to show you what I mean by there NOT being enough history:

Comment:

Comment:

Appears we still have 2 to 5 more days remaining for upside pressure; according to Phoenix ARI. Yes, we're currently having a small little dip. However, I personally do not believe it's worth shorting in a bull trend like this on such a small dip. That's more than like the reason for the small dip - to encourage margin shorts to step in before taking it back long and liquidating the shorts.

In bull trends, the upside moves are much more significant in comparison to the downside dips of each wave while continuing upside in a bull trend.

In a bear trend, the downside moves are much more significant in comparison to the upside jumps of each wave while continuing downside in a bear trend.

So, you have to ask yourself if wanting to short in a bull trend: Is it really worth it?

Same goes for bear trends, is it really worth it to go margin long on little jumps up when the downside moves are generally much more significant in a bear trend.

Comment:

I changed some price points along the way to our last week of May or first week of June Peak of this current Up Thrust in the 4-Day TF. Here's a look:

A look at the 240m and 360m TF's, which look a LOT like ETHUSD:

Comment:

NOTIFICATION:

Some of you know I'm also a GPU miner of Alt-Coins. I was mining Zcash (ZEC) with my NVIDIA rigs until a couple of days ago. I have since switched to mining another Equihash Algorithm Coin which is actively working towards maintaining ASIC Resistance AS SOON AS POSSIBLE. The leader of ZEC (Zooko) has shattered TRUST with many of us in the GPU mining community. Therefore, ZEC is slowly losing it's "community" that supported it from day 0.

From this day forwrard, I will no longer provide updates for this publication or create future publications for ZECUSD or ZECBTC. I'm severing all ties with ZEC. Consider this publication closed.